MIRA INFORM REPORT

 

 

Report Date :

8th May 2006

 

IDENTIFICATION DETAILS

 

Name :

GLOBE WORLD INT'L LTD

 

 

Registered Office :

Unit 2003, 1 Minden Ave Tsimshatsui Kowloon, Hong Kong

 

 

Date of Incorporation :

July 4, 2003

 

 

Com. Reg. No.:

0852079

 

 

Legal Form :

Private

 

 

Line of Business :

Engaged in trading of the following products:

- Yarn

- Petroleum

- Ceramic tiles

- Chemicals

- Agro-products

- Footwear

- Electronic items

- Toys

- Furniture

- Glassware 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

 

 

Payment Behaviour :

Delayed

 

 

Litigation :

Clear

 

 

 

 

NAME & ADDRESS

 

GLOBE WORLD INT'L LTD

UNIT 2003, 1 MINDEN AVE TSIMSHATSUI KOWLOON, HONG KONG

TEL: 852-23663235   

FAX: 852- 23661561

 

 

EXECUTIVE SUMMARY

 

INCORPORATION DATE          : JULY 4, 2003

REGISTRATION NO.                : 0852079

LEGAL FORM                          : PRIVATE

CHIEF EXECUTIVE                  : MR. RAJKUMAR SINGHAL（CHAIRMAN）

STAFF STRENGTH                   : 2

CAPITAL                                  : US$ 1,289

BUSINESS LINE                      : TRADER

TURNOVER                              : N/A (AS OF DEC. 31, 2004)

EQUITIES                                 : N/A (AS OF DEC. 31, 2004)

PAYMENT                                : POOR

MARKET CONDITION              : N/A

FINANCIAL CONDITION           : NR

OPERATIONAL TREND            : N/A

GENERAL REPUTATION          : NOT YET DETERMINATED

EXCHANGE RATE                   : HKD 7.75202 = US$1 AS OF 2006-05-08

 

 

 

 

Rounded Rectangle: HISTORY 

 

 

 


*Company Registration*

===================

(1) License number        : 0852079

Date issued                    : 4 July, 2003

Issuing authority           : Companies Registry

Type of license               : Corporate

 

(2 )License number        : 34075732-000

Issuing authority           : Inland Revenue Dept.

Type of license               : Business 

 

*Capital Details*

=============

Nominal capital : HKD 100,000.00 divided into 10,000 ordinary shares at HKD 1.00/-each, fully paid

 

*Approved Signatures*

====================

Only Mr. Rajkumar Singhal can sign on behalf of the company with seal affixed.

 

*Operations Status*

================

Current operations of the firm could not be confirmed during the course of the investigation due to the following reasons:

 

1.  Tried several attempts to call the company to obtain more information and it has not been successful, since there was NO one answering the call.

 

2.  The company was not found listed as a subscriber for local telecom company, hence, no available contact details were found to confirm its current commercial operation.

 

3. Additionally, attempts to find alternate contacts were unsuccessful. These include:

    - Site visit

    - Contact and searches with the main local Telecom supplier for telephone and/or fax lines.

    - Checks with the local trade and business associations.

    - Correlation with addresses held by Company Registry and Inland Revenue Department, Hong Kong

 

 

Rounded Rectangle: WEB SITE 

 

 

 

 


www.gwilhk.com the design is professional and the content is well organized. At present it is in English version.

 

E-mail: gwilhk@biznetvigator.com

 

 

 

Rounded Rectangle: LITIGATION 

 

 


For the past two years there is no record of litigation.

 

 

 

Rounded Rectangle: OWNERSHIP/MANAGEMENT BACKGROUND 

 

 

 


*Major Shareholders*

=================

Total number of shareholders       : 2

Total number of ordinary shares   : 10,000

 

Shareholders' Name           No. of ordinary shares      Amount of shares (HKD)   % of Shares

------------------------            -------------------------         ---------------------------    ----------------   

Rajkumar Singhal                    5,000                                      5,000.00                       50.00

Smita Rajkumar Singhal          5,000                                      5,000.00                       50.00

 

*Director's Details*

===============

Smita Rajkumar Singhal

Founder   : Co-Founder

HKID no. : R313610(7)

Address   : Flat F, 5Fl The Green Wood Estate Phase 1 Tower 1 Laguna Verde Taiwan Rd, Hunghom, Kowloon Hong Kong

 

*Company Secretary*

=================

UNI-TECH BUSINESS CONSULTANTS CO LTD

Address          : Rm 803A, 8Fl Far East Consortium Bldg 121 Voeux Rd Central, Hong Kong

Email address : admin@uni-tech.com.hk

C.R. No.           : 725471 

 

 

 

Rounded Rectangle: MANAGEMENT 

 

 

 


Management:       Mr. Rajkumar Singhal, Director

                             Mr. Smita Rajkumar Singhal, Director

 

*Key Personnel*

=============

Mr. Rajkumar Singhal

Founder               : Co-Founder

HK ID no.            : R304290(0)

Address               : Flat F, 5Fl, The Green Wood Estate, Phase 1, Tower 1, Laguna Verde, Taiwan Rd, Hung Hom, Kowloon, Hong Kong

Founder               : Co-founder

Work experience : More than 5 years.

Responsibilities   : Daily operation of the firm including all financial, sales and legal matters. 

 

 

 

Rounded Rectangle: BUSINESS OPERATIONS 

 

 


*Main Products & Services*

=====================

Specializes in trading of the following products:

- Yarn

- Petroleum

- Ceramic tiles

- Chemicals

- Agro-products

- Footwear

- Electronic items

- Toys

- Furniture

- Glassware 

 

Products:    Agro- products 

                    Blended yarns 

                    Ceramic tiles 

                    Chemicals 

                    Cotton yarns 

 

 

 

 *Operations Status*

================

Current operations of the firm could not be confirmed during the course of the investigation due to the following reasons:

 

1.  Tried several attempts to call the company to obtain more information and it has not been successful, since there was NO one answering the call.

 

2.  The company was not found listed as a subscriber for local telecom company, hence, no available contact details were found to confirm its current commercial operation.

 

3. Additionally, attempts to find alternate contacts were unsuccessful. These include:

    - Site visit

    - Contact and searches with the main local Telecom supplier for telephone and/or fax lines.

    - Checks with the local trade and business associations.

    - Correlation with addresses held by Company Registry and Inland Revenue Department, Hong Kong

 

 

 

 

Rounded Rectangle: RELATED COMPANIES 

 

 


*Subsidiaries, Joint-ventures & Affiliates*

==============================

Maintains affiliates in India on the following cities :

- Mumbai

- Delhi

- Kolkatta

- Chennai

- Bangalore

- Cochin

- Jaipur

 

Also maintains a contact office in China.

 

 

 

Rounded Rectangle: PAYMENTHISTORY 

 

 

 


PAYMENT RATING :6                OBTAINED SCORES : 1

Rating Key

Implication

Implications

1

Scores 85–100

Excellent

2

Scores 75 – 84

Above Average

3

Scores 50 – 74

Average

4

Scores 35 – 49

Fair

5

Scores 15 – 34

Below Average

6

Scores 01 – 14

Poor

NR

No Data

No Data

 

The rating indicates the payment pattern of SC based upon our Payment Database, comments from suppliers of SC, information from banks (if available), as well as industrial sources.

 

Dealings on open terms may be possible for C.O.D. amounts depending on individual judgement experience.

 

 

 

Rounded Rectangle: FINANCIAL HIGHLIGHTS 

 

 


Bank: HONGKONG & SHANGHAI BANKING CORP LTD

 

 

 

Rounded Rectangle: REMARKS 

 

 


BASED ON THE INVESTIGATIONS PERFORMED, IT HAS NOT BEEN POSSIBLE TO PREPARE A NORMAL CREDIT REPORT ON THE COMPANY.  GIVEN THE CIRCUMSTANCES, CAUTION IS ADVISED RELATED TO DEALINGS WITH PERSONS CLAIMING TO REPRESENT SUCH AN ENTITY.

 

 

END OF THIS REPORT

 

Attached: trade references

 

SIC PRODUCT CLASSIFICATION & ACTIVITY 

Activity      Code           Product/Service Description

Trading       0100           Agricultural Production-Crops

Trading       0200           Agricultural Production-Livestock

Trading       2281           Yarn, spun, of cotton, man-made fibers, and silk

Trading       2282           Yarn Mills

Trading       2284           Thread and handwork yarns

Trading       2299           Textile goods,

Trading       2800           Chemicals and Allied Products

Trading       2899           Chemical preparations,

Trading       3149           Footwear,

Trading       3231           Products of purchased glass,

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY 

Activity      Code                     Product/Service Description

Trading       2711                     Petroleum gases & other gaseous hydrocarbons

Trading       3800                     Miscellaneous chemical products

Trading       3824909060         Chemical products and preparations of the

                                                chemical or allied industries

Trading       5200                     Cotton, inc. yarns & woven fabrics thereof

Trading       5911                     Textile products etc. for specific tech uses

Trading       6405                     Footwear

Trading       6812200000         Asbestos yarn and thread

Trading       6901                     Bricks, blocks, tiles & other ceramic goods slcs

                                                earth

Trading       6914                     Ceramic articles

Trading       7000                     Glass & glassware

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY 

Activity      Product/Service Description

Trading       Electronic items 

Trading       Embroidery threads 

Trading       Footwear 

Trading       Furniture 

Trading       Glassware 

Trading       Nylon yarns 

Trading       Petroleum products 

Trading       Polyester yarns 

Trading       Polypropylene yarns 

Trading       Pvc 

 

INTERNATIONAL TRADE: ACTIVITY & MARKETS

Importing from Asia

Importing from China

Importing from India

 

 

 RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

 

 

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